The Pure Rate of Interest Is the

question 20

Multiple Choice

The pure rate of interest is the

• A) rate of interest charged for large, as compared to small, loans.
• B) interest rate minus any administrative costs, such as bookkeeping and collection.
• C) difference between the interest rate charged on a loan with no risk and one with a measurable degree of risk.
• D) prime rate of interest.
• E) interest rate on a riskless loan.

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Definitions:

Big Data

Large and complex data sets which are difficult to process using traditional data processing applications.

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Database Management Systems that employ classic models such as hierarchical, network, and relational databases to organize and manage data efficiently.

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The process of using algorithms, statistics, and machine learning techniques to forecast future outcomes based on historical data.

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The smallest unit of data in computing, representing a binary value of either 0 or 1.